Question: True or false? If false, explain why. a. The total public debt is more relevant to an economy than the public debt as percentage of

True or false? If false, explain why.

a. The total public debt is more relevant to an economy than the public debt as percentage of GDP.

b. An internally held public debt is like a debt of the left hand owed to the right hand.

c. The Federal Reserve and Federal government agencies hold more than three-fourths of the public debt.

d. The portion of the U.S. debt held by the public (and not by government entities) was larger as a percentage of GDP in 2005 than it was in 1995.

e. In recent years, Social Security payments to retirees have exceeded Social Security tax revenues from workers and their employers.

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